A NFTOS COMMENTARY
President Obama tonight is one step away from having his 858 billion tax compromise with the tea bags and hence it shall be the law of the land. Currently at this hour the only one whom can stop this is Nancy Pelosi.
I know that there are different aspects of this plan to which members of congress on both sides of the aisle object, that's the nature of compromise. Congress needs to work hard to negotiate an agreement that's a win for the middle-class families and a win for our economy, we cannot afford to let this to fall victim to either delay or defeat, so we at NFTOS urge members of congress to not take this vote lightly, and do not pass these tax cuts "as swiftly as possible", as recommended by President Obama.
Senate minority leader Mitch McConnell is warning, the house, "you better not tinker with this bill." If this agreement is "not subject to being real," then we have an understanding, and NFTOS hopes that our friends in the house will understand that the best way to go forward with this bill is to simply not pass the senate bill.
This take-it-or-leave-it mentality that the senate has with this bill has a lot of folks over on the house side angrier than ever, however house democrats want to change the inheritance take giveaway. Now by law, the estate tax would go back to a million dollars, tax free, and the balance taxed at 55%, and the republican compromise takes it up to $5 million and the rest of the rate would go to 35%. Today's lop sided senate vote and new polling is really putting enormous pressure on Nancy Pelosi, and house members to get this bill through the house. MSNBC, and the Wall Street Journal polls show that 59% of Americans support the deal, and only 36% disapprove. So what's it mean? NFTOS is a 36 percenter tonight readers. NFTOS will never trust the republicans when it comes to tax cuts.
NFTOS is absolutely convinced that this tax cut plan will not help grow our economy and create jobs in the private sector.
Americans are getting the bum rush, as this bill spends a trillion dollars, that's $3,000 for every man, woman and child in this country. All of this is being forced through without a hearing, without a markup, without even a study of its economic effects. This is the bum rush, and we at NFTOS are not happy about it.
Okay readers, if you don't grasp anything else about what is going on with this whole bend over and take it mentality, let us sum it up for you. Between the tax cuts and the spending bill, congress is about to dump $2 trillion on your kid's credit cards without so much as a hearing, no markup, no CBO score, no economic forecast, its take it or leave it. Well, actually, it's a government takeover.
Now if we travel back to the health care debate. how long did that last, 15 months? How many committees did it have to go through? Five, and a reconciliation vote as well.
The righties are getting exactly what they want. They're getting the top 2% tax cuts and they are getting the time frame that they want, and they're getting the estate tax giveaway.
This is not a democratic process. Americans now have a gun held to their heads, speaking from a liberal perspective. What makes these tea bags tick? Is it the pollution in Washington, is it the special potion, or the kool-aid they drink?
This readers is your basic government takeover. By not going through the legislative process, by not going through the due diligence, not doing the CBO scoring to tell us exactly how and where this is all going to turn out. This is know different than a urban gangsta going to the local choke and puke to commit a strong hold robbery.
Democrats constantly go out on the campaign trail and tell the American people that their really concerned about the deficit, that their really concerned about the next generation. The deficit reduction commission will soon become the "kill the social security crowd", and "the kill the Medicare crowd", to which Americans have already paid for these programs.
This is an a-typical example of what a real government takeover is all about. Hell, it's only $2 trillion. This is not the way our democracy is supposed to work, this is not fair, and we are being held hostage. I don't think hostage is a strong enough word. Maybe sacrificial lamb, token dumb ass, bozo, droll, fool, harlequin, jester, joker, merry-andrew, are more suited for the middle class progressive society.
Congressman Jerry Nader is quoted as saying "they're acting like gangsters because they're saying it in effect to us and to the country, yeah a very nice middle-class tax cut here, pity if anything should happen to it, and if you don't extend the tax cuts for millionaires and billionaires we'll kill the middle-class tax cut. that's blackmail, that's extortion."
What should be the liberal progressives response be to this bullying?
Stand strong and lay down some lines. We cannot hold the working and middle class hostage. Its obvious we lost out President on November second. We at NFTOS don't think anyone should trust politicians or fall in love with politicians. It's about accountability politics, and it's up to progressives moving forward to create the conditions, organize, mobilize, drive ideas into the debate. NFTOS thinks we need a whole new tax debate in this country, and a new tax system that is fairer, simpler, which rewards the real working stiff, and its imperative that the president come forward at state the union with this. We the progressives have to push him do this, lay it out and fight for it. Politicians need to be held accountable for the rhetoric they spew while on the campaign trail. We need different debates in this country, we're not being served well as citizens or as a democracy. At present, current debates, republican hostage taking, and republican extortion are unacceptable conditions that we're living with under a Republican regime. And it only gets worse come January 2011.
Our Presidents has turned yellow and superficial. His new mentality is too let the tail wag the dog. Of late, he has certainly shown us that he is not a man of his words or convictions.
Economists state that growth forecasts might reach one percentage point in 2011 based on the tax measures being passed, (Whoopee bull farts) and deficit watchers fear that the tax bill deepens the nearly $14 trillion federal debt, which soon will be in a insurmountable deep spiral into a encumbrance of hell.
Hopefully Nancy Pelosi is wearing her man-ty-hose and does the right thing here, hopefully she has found the testis that our President lost many months ago.
Do the right thing here House Democrats, for if not, our grand babies shall certainly never have a chance at the American dream.
NFTOS
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